Departments

Economics

The Bank for International Settlements wants new regulations to control “cross-border
banking,” while former J.P. Morgan Bank chief economist Rimmer de Vries warns that
if another national banking system blows up, like Mexico’s did two years ago, “there
will not be any billion-dollar rescue packages. The crisis will simply be allowed
to happen.”

Ambrose Evans-Pritchard and Lord William Rees-Mogg, principal operatives in the slander
campaign against President Clinton, are putting out the line that the “fix” is in
for a Republican victory in the Congressional election.

“Maria is eating sharks for dinner tonight,” was the comment of one supporter, after
her debate with incumbent John Shadegg, the chairman of Newt Gingrich’s GOPAC and
a leading light of the Conservative Revolution.